Oxford Inst. for Energy Studies
Saudi Oil Policy: Continuity and Change in the Era of the Energy Transition
The crucial position that Saudi Arabia has in global oil markets cannot be overstated. Several features, from the size of the kingdom’s reserve base and production to the high reliance of government finances on oil revenues, have shaped Saudi oil policy choices and its relations with other producers over the years. The main purpose of this paper is to analyse a range of these policy choices and relations, their determinants, and the evolving role of the oil sector in the context of an energy transition, the speed of which remains highly uncertain and its impact uneven across the globe.
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